Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $ 2.80 per machine-hour was based on a cost formula that estimates $282,800 of total manufacturing overhead for an estimated activity level of 101, 000machine -hours. Required: Assume that during the year the company works only 96,000 machine- hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2ACompute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. 2B. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold.

Sold Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 28 Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. Manufacturing Overhead 42,000 10,100 90,000 (a) Work in Process 920,000 111,000 Maintenance) (Indirect materials) (Indirect labor (Ulities Insurance) (Depreciation) Balance (Direct materials) (Direct labor) (Overhead) (a) 48.000 9,100 72.000 Reg 2A >